BlackRock Fund Advisors has recently announced that it has increased stake in Hexcel Corp. (NYSE:HXL) by 0.27%. After grabbing 8.09 million shares, the institutional investor is now in possession of 21816.0 shares of the Industrials Company. The new investment brought the stake of investor firm to 9.62% having worth around $596.44 million. Moreover, EARNEST Partners LLC increased its share by 47591.0 to have a control over 4.34 million shares. And SSgA Funds Management, Inc. raised its holdings to 42655.0 shares by acquiring 3.31 million shares or 3.94% of the stake.
Hexcel Corp. (HXL) concluded trading on Thursday at a closing price of $65.61, with 3.56 million shares of worth about $233.61 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -6.88% during that period and on Thursday, January 25 the price saw a loss of about -8.43%. Currently the company’s common shares owned by public are about 84.10M shares, out of which, 83.45M shares are available for trading.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 43 times over the past 12 months. They bought 30,378 shares in 22 of the transactions. In 21 selling transactions, insiders dumped 75,243 shares.
Eaton Vance Atlanta Capital SMID, Vanguard Total Stock Market ETF, and iShares Core S&P Mid Cap ETF are the top 3 mutual funds which are holding stakes in Hexcel Corp. Eaton Vance Atlanta Capital SMID is currently holding 2.67 million shares of worth totaling $196.57 million. The company recently came buying 0.0 shares which brought its stake up to 3.17% of the company’s outstanding shares. Vanguard Total Stock Market ETF bought 2449.0 shares, after which its hold over company’s outstanding shares expand to 3.15%, leaving 2.65 million shares with the mutual fund that have a worth of about $195.17 million. iShares Core S&P Mid Cap ETF, after buying 2.56 million shares, have now control over 3.04% of the stake in the company. It holds 2310.0 shares of worth $188.47 million.
However, the stock later moved at a day high price of 70.64, or with a loss of -8.43%. Stock saw a price change of -7.89% in past 5 days and over the past one month there was a price change of -10.89%. Year-to-date (YTD), HXL shares are showing a performance of -11.04% which increased to 5.55% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $58.81 but also hit the highest price of $79.08 during that period. The average intraday trading volume for Hexcel Corp. shares is 467.20K. The stock is currently trading -8.74% below its 20-day simple moving average (SMA20), while that difference is down -7.05% for SMA50 and it goes to -6.46% lower than SMA200.
BlackRock Fund Advisors acquired 8.09 million shares of Hexcel Corp. having value of about $596.44 million. Data submitted at the U.S SEC by BlackRock Fund Advisors revealed that the firm now holds 21816.0 shares in the company valued at close to $1431347.76, or have control over 0.27% stake in the company. Hexcel Corp. (NYSE: HXL) currently have 84.10M outstanding shares and institutions hold larger chunk of about 96.46% of that. Holding of mutual funds in the company is about 41.33% while other institutional holders and individual stake holders have control over 55.12% and 22.28% of the stake respectively.
The stock has a current market capitalization of $5.52B and its 3Y-monthly beta is at 1.22. PE ratio of stock for trailing 12 months is 53.24, while it has posted earnings per share of $1.23 in the same period. Its PEG reads 1.77 and has Quick Ratio of 1.68 while making debt-to-equity ratio of 0.41. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for HXL, volatility over the week remained 2.89% while standing at 2.03% over the month.
Analysts are in expectations that Hexcel Corp. (HXL) stock would likely to be making an EPS of $Hecla Mining Company in the current quarter, while forecast for next quarter EPS is $3.99 and it is $Stocks for next year. For the current quarter EPS, analysts have given the company a lowest target $Hormel Foods Corporation which is $Hexcel Corporation at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $MaxLinear, Inc in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 34.59% while it is estimated to increase by 29.78% in next year. EPS is likely to grow at an annualized rate of 30.00% for next 5-years, compared to annual growth of -16.79% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Truist on January 10, 2024 offering a Buy rating for the stock and assigned a target price range of between $62 and $96 to it.
